Posted by & filed under Stockton Real Estate.

Real estate prices have skyrocketed in San Francisco, making it more lucrative for many owners to sell than rent.

Robert Earl Davis said his landlord notified him he was going out of the rental business and that he will be evicted from Apartment 72, which he rents in San Francisco, on Nov. 19. Davis has lived in the same rent controlled two-bedroom apartment since 1973. Evictions in general have gone up about 38 percent in the past three years. But the number of evictions under the Ellis Act, a state law allowing landlords to empty buildings and exit the rental business, has jumped to 162 this year, an increase of more than 145 percent from the previous one, according to a recent report by the city’s budget and legislative analyst.

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